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Roadmap to Tackle the Current Unemployment Condition

Introduction:

To know the road map to tackle the current unemployment condition first we have to discuss the causes and the background of the unemployment. 


Rising levels of Unemployment have been brought focus by a sharp contraction of 23.9% in India in First quarter. The lockdown are likely to result in the Indian Economy contracting by over 10% in the full financial year &this is expected to result in more and more people losing jobs, apart from fever new entrants finding work. In India unemployment is the major problem that we are facing in the modern era,.Current unemployment rate has never seen in last 45 years. India is the country of  Doctors, Engineers and scientist , these profession have huge respect in the country, almost every student who pass his 12th exam dreams of becoming doctor, engineer and scientist and in case he has opted commerce then CA is the only option, rest of students dreams of getting a government job for their secure future. So basically the mind set of an Indian student is of a job seeker very few students want to become job creaters or job producers and mostly students who opt to become a businessman are those who belong to a family of businessman. The below graph shows unemployment rate in the year 2017-18. 

From NSSO (National Sample Survey Office )

What is Unemployment :

Unemployment is defined as a situation where someone of working age is not able to get a job but would like to be in full employment. Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy. The most frequent measure of unemployment is the unemployment rate, which is the number of unemployed people divided by the number of people in the labor force.

 


 Ref : From Businessline News Paper 


Employment and Unemployment Situation in India:

In 2018 near about 7 Lakh jobs were vacant in the central government. In the year of 2014-2019 the central government job were reduced. This information is given in the Indian Parliament in 2019. In the year of 2018 there were 38 lakh

Vacancies in central government form which 31 lakh and 18 thousands were recruited. Also In the year of 2014 there were 36 lakh 45 thousand vacancies from which 32 lakh 23 thousand were recruited. The vacancies are reduced in the previous central government.

In India railways having higher vacancies in India. In the year of March 2018 there were 2 lakh 50 thousands vacancies. There are two main Sectors in India i.e. Formal Sector and Informal Sector.

The majority of people work in Informal sector in India. i.e. 35 crore. According to Mint news paper 80% of people having age group of 23-38 want government job but It’s not possible to give government job to each people we have to find the alternativesfor that.

DATA OF CENTRAL GOVERNMENT JOBS

1971

26 Lakh 99 Thousand

1981

34 Lakh 07 Thousand

1991

38 Lakh 13 Thousand

1995

39 Lakh 82 Thousand

2004

31 Lakh 64 Thousand

2013

28 Lakh 05 Thousand

2014

32 Lakh 24 Thousand

2018

31 Lakh 18 Thousand







The above data shows the vacancies in the central government

Ref : ( National Sample Survey Office ) 

Strategies to Reduce Unemployment:

1.      Entrepreneurship is the one of the way to reduce unemployment. No doubt we need both in our society i.e. Job and Entrepreneur but we are in an urgent need of Entrepreneurs who can produce jobs at large scale, people should start taking risk and should be more encouraged to start their own business rather than seeking jobs and cursing government policies for unemployment.

2.     The Government Vacancies should be recruited 

3.      Now a day’s taking degree is not enough we have to increase the skill on continues basic. The Life skills and carrier skills should improved at institution and colleges

4.      Good Government Policies should be adopted so that to encourage entrepreneurship and innovations

5.      Government Should help the enterprises and companies to establish

6.      No economy is capable enough to employ such huge population. And no government can probably produce enough jobs to eradicate unemployment, infact government should promote entrepreneurship

7.      India needs a new race of entrepreneurs along with political and social support so that they can groom themselves.

Refrences :

1.      Research Paper on ,Youth employment and unemployment in India published by Research Gate Publication on January 2011.Author Mahendra Dev & Vyankatnarayan Motkuri.

2.      Research Paper on ,2011 India's Employment Crisis: Rising Education Levels and Falling Non-agricultural Job Growth published by Research Gate Publication on October 2019 by Santosh Mhehotra and Jajati K Parida

3.      Businessline old news paper data

'' More and more policies should be made to promote establishment and growth of start-ups in variousfield, skill improvement trainings must be implemented at large scale by the government,in order to reducethe unemployment promoting the entrepreneurship is future necessity ''

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